EU Leaders Agree to Boost Competitiveness and Investments at Summit

European Union leaders, including European Central Bank President Christine Lagarde, discussed competitiveness, fiscal policy, and the digital euro. According to the conclusions of the Euro Summit, partners decided to enhance resilience and competitiveness by implementing policies that boost productivity and increase investments. Leaders emphasized the urgency for rapid progress towards a Savings and Investment Union with special focus on the Capital Markets Union to mobilize savings and unlock necessary investments, particularly to support EU competitiveness. Additionally, they agreed to accelerate the development of the digital euro, which is crucial for supporting a competitive and resilient European payment system, contributing to Europe’s economic security, and strengthening the international role of the euro.